Delta Financial Group Inc. Buys New Shares in Fidelity Total Bond ETF (NYSEARCA:FBND)

Delta Financial Group Inc. acquired a new stake in Fidelity Total Bond ETF (NYSEARCA:FBND) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 65,518 shares of the company’s stock, valued at approximately $2,940,000. Fidelity Total Bond ETF makes up approximately 0.7% of Delta Financial Group Inc.’s holdings, making the stock its 24th biggest position.

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its stake in shares of Fidelity Total Bond ETF by 3.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 39,999 shares of the company’s stock valued at $1,869,000 after buying an additional 1,188 shares in the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Fidelity Total Bond ETF by 78.3% in the 3rd quarter. Arete Wealth Advisors LLC now owns 448,065 shares of the company’s stock valued at $20,923,000 after buying an additional 196,783 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Fidelity Total Bond ETF by 11.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,169,480 shares of the company’s stock valued at $241,622,000 after buying an additional 520,113 shares in the last quarter. Centerline Wealth Advisors LLC acquired a new position in shares of Fidelity Total Bond ETF in the 4th quarter valued at $15,492,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Fidelity Total Bond ETF by 3.5% in the 3rd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 608,721 shares of the company’s stock valued at $28,452,000 after buying an additional 20,500 shares in the last quarter.

Fidelity Total Bond ETF Stock Performance

Shares of FBND stock opened at $45.45 on Friday. Fidelity Total Bond ETF has a 52-week low of $44.01 and a 52-week high of $47.30. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 8.85 and a beta of 0.19. The firm has a fifty day moving average of $45.04 and a 200-day moving average of $45.78.

Fidelity Total Bond ETF Profile

The Fidelity Total Bond ETF (FBND) is an exchange-traded fund that is based on the Bloomberg U.S. Universal Bond index. The fund is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. FBND was launched on Oct 6, 2014 and is managed by Fidelity.